![]() However, the steep price of $4.9 billion given the current market conditions and public comparables may be a concern. Venture capitalists and other investors had put close to a billion into the company through eight rounds of financing. The acquisition is also an excellent outcome for employees and investors. The deal also allows them to retain their leadership of the ongoing company. The deal gives Scopely the backing to invest in PC/Console game development which is likely their strategy after Apple’s draconian privacy policies impact on mobile gaming. It is likely the best possible outcome for Scopely, as there may not have been many other options for buyers at this level and a path to IPO seems unlikely. The acquisition of Scopely provides several advantages. While this is below Scopely’s estimated valuation of $5.4 billion when they acquired GSN Games in 2021, it is above their post-money valuation of $3.3 billion when they raised $340 million in 2020. ![]() The Saudi government, via Savvy Games Group, has acquired Scopely for $4.9 billion. Savvy Games Group Acquires Scopely for $4.9B.
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